Submission of Information Collection for OMB Review; Comment Request; Request for Coverage Determination Form, 21083-21084 [2025-08730]
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Federal Register / Vol. 90, No. 94 / Friday, May 16, 2025 / Notices
accommodate a rescheduled public
meeting and to provide additional time
for members of the public to develop
and submit comments (90 FR 8056). On
January 31, 2025, the EPA issued a
notice of extension of the comment
period (90 FR 8715). The public
comment period on the draft SEIS
ended on February 11, 2025, and the
comments received on the draft SEIS are
addressed in the final SEIS.
II. Discussion
The draft SEIS was issued for public
comment on December 6, 2024. The
final SEIS addresses the comments
received on the draft SEIS. As discussed
in Chapter 4 of the final SEIS, the NRC
staff has determined that the adverse
environmental impacts of subsequent
license renewal for V.C. Summer (i.e.,
the continued operation of V.C. Summer
for a period of 20 years beyond the
expiration date of the current renewed
operating license) are not so great that
preserving the option of subsequent
license renewal for energy-planning
decision-makers would be
unreasonable. This recommendation is
based on: (1) information provided in
the environmental report, as
supplemented, and other documents
submitted by Dominion Energy South
Carolina, Inc.; (2) consultation with
Federal, State, Tribal, and local
governmental agencies; (3) the NRC
staff’s independent environmental
review; and (4) consideration of public
comments received during the scoping
process and on the draft SEIS.
Dated: May 13, 2025.
For the Nuclear Regulatory Commission.
John Moses,
Deputy Director, Division of Rulemaking,
Environmental, and Financial Support, Office
of Nuclear Material Safety, and Safeguards.
[FR Doc. 2025–08802 Filed 5–15–25; 8:45 am]
BILLING CODE 7590–01–P
PENSION BENEFIT GUARANTY
CORPORATION
Submission of Information Collection
for OMB Review; Comment Request;
Request for Coverage Determination
Form
Pension Benefit Guaranty
Corporation.
ACTION: Notice of request for extension
of OMB approval of information
collection.
ddrumheller on DSK120RN23PROD with NOTICES1
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) is requesting that
the Office of Management and Budget
(OMB) extend approval, with
modifications, under the Paperwork
SUMMARY:
VerDate Sep<11>2014
17:41 May 15, 2025
Jkt 265001
Reduction Act, of a collection of
information necessary for PBGC to
determine whether a plan is covered
under title IV of the Employee
Retirement Income Security Act of 1974
(ERISA). This notice informs the public
of PBGC’s request and solicits public
comment on the collection of
information, as modified.
DATES: Comments must be submitted on
or before June 16, 2025 to be assured of
consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
All comments received will be posted
without change to PBGC’s website,
www.pbgc.gov, including any personal
information provided. Do not submit
comments that include any personally
identifiable information or confidential
business information.
A copy of the request will be posted
on PBGC’s website at www.pbgc.gov/
prac/laws-and-regulation/federalregister-notices-open-for-comment. It
may also be obtained without charge by
writing to the Disclosure Division
(disclosure@pbgc.gov), Office of the
General Counsel, Pension Benefit
Guaranty Corporation, 445 12th Street
SW, Washington, DC 20024–2101; or,
calling 202–229–4040 during normal
business hours. If you are deaf or hard
of hearing, or have a speech disability,
please dial 7–1–1 to access
telecommunications relay services.
FOR FURTHER INFORMATION CONTACT:
Monica O’Donnell (odonnell.monica@
pbgc.gov), Attorney, Regulatory Affairs
Division, Office of the General Counsel,
Pension Benefit Guaranty Corporation,
445 12th Street SW, Washington, DC
20024–2101, 202–229–8706. If you are
deaf or hard of hearing, or have a speech
disability, please dial 7–1–1 to access
telecommunications relay services.
SUPPLEMENTARY INFORMATION: The
Pension Benefit Guaranty Corporation
(PBGC) is requesting that the Office of
Management and Budget (OMB) extend
approval, under the Paperwork
Reduction Act, of a collection of
information that filers use to request
that PBGC determine whether a defined
benefit pension plan is covered under
title IV of the Employee Retirement
Income Security Act of 1974 (ERISA)
(OMB control number 1212–0072;
expires June 30, 2025). This notice
informs the public of PBGC’s request
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
21083
and solicits public comment on the
collection of information.
A plan is covered under title IV, and
thereby insured by PBGC, if it is
described in section 4021(a) of ERISA
and does not meet one of the
exemptions from coverage listed in
section 4021(b)(1)–(13). If a question
arises about whether a plan is covered
under title IV, a plan may submit the
Request for Coverage Determination
form to PBGC.
The Request for Coverage
Determination form and corresponding
instructions are suitable for all types of
requests, but they highlight the four
plan types for which coverage
determinations are most frequently
requested: (1) church plans as listed in
section 4021(b)(3) of ERISA; (2) plans
that are established and maintained
exclusively for the benefit of plan
sponsors’ substantial owners as listed in
section 4021(b)(9); (3) plans that cover,
since September 2, 1974, no more than
25 active participants and that are
established and maintained by
professional services employers as listed
in section 4021(b)(13); and (4) Puerto
Rico-based plans within the meaning of
section 1022(i)(1) of ERISA. PBGC needs
the information requested to determine
whether a plan is covered or not
covered under title IV of ERISA.
PBGC’s pilot program that specifically
provided for a prospective plan to
request a coverage determination when
the plan was proposed but not yet
established expired September 30, 2022.
PBGC is removing outdated references
to the pilot program in question 4 of
Part II of the form and instructions.
PBGC is also proposing to revise
question 3 of Part III of the form,
relating to substantial owners plans, to
require a list of all the limited liability
company’s (LLC) members (if the
employer sponsor is an LLC) rather than
a statement on how the LLC is treated
for federal tax purposes for clarity.
Lastly, PBGC is proposing editorial
changes to question 4 of part III and
question 3 of part V to provide greater
clarity to filers.
The existing collection of information
is approved through June 30, 2025,
under OMB control number 1212–0072.
On March 10, 2025, PBGC published in
the Federal Register (90 FR 11632) a
notice informing the public of its intent
to request an extension of this collection
of information. No comments were
received. PBGC is requesting that OMB
extend approval of the collection for 3
years. An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number.
E:\FR\FM\16MYN1.SGM
16MYN1
21084
Federal Register / Vol. 90, No. 94 / Friday, May 16, 2025 / Notices
PBGC estimates that each year there
will be 295 Request for Coverage
Determination forms submitted to
PBGC. PBGC further estimates the
average hour burden is 1.5 hours and
average cost burden is $300. The total
estimated annual burden of the
collection of information is 442.5 hours
and $88,500.
Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory
Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2025–08730 Filed 5–15–25; 8:45 am]
BILLING CODE 7709–02–P
PENSION BENEFIT GUARANTY
CORPORATION
Submission of Information Collections
for OMB Review; Comment Request;
Multiemployer Plan Regulations
Pension Benefit Guaranty
Corporation.
ACTION: Notice of request for extension
of OMB approval.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) is requesting that
the Office of Management and Budget
(OMB) extend approval, under the
Paperwork Reduction Act, of collections
of information in PBGC’s regulations on
multiemployer plans under the
Employee Retirement Income Security
Act of 1974 (ERISA). This notice
informs the public of PBGC’s request
and solicits public comment on the
collections of information.
DATES: Comments must be submitted by
June 16, 2025 to be assured of
consideration.
SUMMARY:
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. All comments received
will be posted without change to
PBGC’s website, www.pbgc.gov,
including any personal information
provided. Do not submit comments that
include any personally identifiable
information or confidential business
information.
Copies of the collections of
information may be obtained without
charge by writing to Disclosure Division
(disclosure@pbgc.gov), Office of the
General Counsel, Pension Benefit
Guaranty Corporation, 445 12th Street
ddrumheller on DSK120RN23PROD with NOTICES1
ADDRESSES:
VerDate Sep<11>2014
17:41 May 15, 2025
Jkt 265001
SW, Washington, DC 20024–2101, or
calling 202–229–4040 during normal
business hours. If you are deaf or hard
of hearing, or have a speech disability,
please dial 7–1–1 to access
telecommunications relay services.
FOR FURTHER INFORMATION CONTACT:
Hilary Duke (duke.hilary@pbgc.gov),
Assistant General Counsel for
Regulatory Affairs, Office of the General
Counsel, Pension Benefit Guaranty
Corporation, 445 12th Street SW,
Washington DC 20024–2101; 202–229–
3839. If you are deaf or hard of hearing,
or have a speech disability, please dial
7–1–1 to access telecommunications
relay services.
SUPPLEMENTARY INFORMATION: OMB has
approved and issued control numbers
for three collections of information in
PBGC’s regulations relating to
multiemployer plans (1212–0020, 1212–
0032, 1212–0033) under the Employee
Retirement Income Security Act of 1974
(ERISA). These collections of
information are described below. OMB
approvals for these collections of
information expire June 30, 2025. On
March 10, 2025, PBGC published in the
Federal Register (90 FR 11630) a notice
informing the public of its intent to
request an extension of this collection of
information, as modified. No comments
were received. PBGC is requesting that
OMB extend approval of the collection
(with modifications) for 3 years. An
agency may not conduct or sponsor, and
a person is not required to respond to,
a collection of information unless it
displays a currently valid OMB control
number.
1. Termination of Multiemployer Plans
(29 CFR Part 4041A) (OMB Control
Number 1212–0020) (Expires June 30,
2025)
Section 4041A(f)(2) of ERISA
authorizes PBGC to prescribe reporting
requirements and other rules and
standards for administering terminated
multiemployer plans. Section 4041A(c)
and (f)(1) of ERISA prohibit the payment
by a mass-withdrawal-terminated plan
of lump sums greater than $1,750 or of
nonvested plan benefits unless
authorized by PBGC.
The regulation requires the plan
sponsor of a terminated plan to file a
notice of termination with PBGC. The
notice of termination must contain the
information and certification specified
in the instructions for the notice of
termination on www.pbgc.gov. The
regulation also requires the plan
sponsor of a mass-withdrawalterminated plan that is closing out to
give notices to participants regarding
the election of alternative forms of
PO 00000
Frm 00088
Fmt 4703
Sfmt 4703
benefit distribution and, if the plan is
not closing out, to obtain PBGC
approval to pay lump sums greater than
$1,750 or to pay nonvested plan
benefits.
PBGC uses the information in a notice
of termination to assess the likelihood
that PBGC financial assistance will be
needed. Plan participants and
beneficiaries use the information on
alternative forms of benefit to make
personal financial decisions. PBGC uses
the information in an application for
approval to pay lump sums greater than
$1,750 or to pay nonvested plan benefits
to determine whether such payments
should be permitted.
The regulation also requires plans
terminated by mass withdrawal, plans
terminated by plan amendment that are
expected to become insolvent, and
insolvent plans under part 4245
receiving financial assistance from
PBGC (whether terminated or not
terminated) to file with PBGC
withdrawal liability information and
actuarial valuations or, for smaller plans
receiving financial assistance where the
present value of the plan’s
nonforfeitable benefits is $50 million or
less, alternative information. PBGC uses
the actuarial valuation information to
estimate PBGC’s multiemployer
liabilities for purposes of its financial
statements and to provide financial
assistance to plans that become
insolvent. PBGC is proposing to
eliminate the requirement to file
withdrawal liability information
because it no longer uses this
information to estimate PBGC’s
multiemployer liabilities.1
PBGC estimates that each year, plan
sponsors submit notices of termination
for 5 plans, distribute election notices to
participants in 1 of those plans and
submit requests to pay benefits or
benefit forms not otherwise permitted
for 1 of those plans. The estimated
annual burden of this part of this
collection of information is 25 hours
and $25,000.
Furthermore, PBGC estimates that
each year, plan sponsors file actuarial
valuations electronically for 22 plans
that are terminated or insolvent, and
that only 1 smaller plan will file
alternative information. The estimated
annual burden of this part of the
collection of information is 6.5 hours
and $2,600.
The estimated total hour burden is
31.5 hours (25 + 6.5). The estimated
annual burden of the collection of
1 In 2022, PBGC reported to OMB that it expected
to receive withdrawal liability payment information
from approximately 10 plans, with an estimated
hour burden of 10 hours of fund office time and an
estimated cost burden of $4,000 for legal services.
E:\FR\FM\16MYN1.SGM
16MYN1
]]>Agencies
[Federal Register Volume 90, Number 94 (Friday, May 16, 2025)]
[Notices]
[Pages 21083-21084]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-08730]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review; Comment
Request; Request for Coverage Determination Form
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval of information
collection.
-----------------------------------------------------------------------
SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting
that the Office of Management and Budget (OMB) extend approval, with
modifications, under the Paperwork Reduction Act, of a collection of
information necessary for PBGC to determine whether a plan is covered
under title IV of the Employee Retirement Income Security Act of 1974
(ERISA). This notice informs the public of PBGC's request and solicits
public comment on the collection of information, as modified.
DATES: Comments must be submitted on or before June 16, 2025 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
All comments received will be posted without change to PBGC's
website, www.pbgc.gov, including any personal information provided. Do
not submit comments that include any personally identifiable
information or confidential business information.
A copy of the request will be posted on PBGC's website at
www.pbgc.gov/prac/laws-and-regulation/federal-register-notices-open-for-comment. It may also be obtained without charge by writing to the
Disclosure Division ([email protected]), Office of the General
Counsel, Pension Benefit Guaranty Corporation, 445 12th Street SW,
Washington, DC 20024-2101; or, calling 202-229-4040 during normal
business hours. If you are deaf or hard of hearing, or have a speech
disability, please dial 7-1-1 to access telecommunications relay
services.
FOR FURTHER INFORMATION CONTACT: Monica O'Donnell
([email protected]), Attorney, Regulatory Affairs Division,
Office of the General Counsel, Pension Benefit Guaranty Corporation,
445 12th Street SW, Washington, DC 20024-2101, 202-229-8706. If you are
deaf or hard of hearing, or have a speech disability, please dial 7-1-1
to access telecommunications relay services.
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
(PBGC) is requesting that the Office of Management and Budget (OMB)
extend approval, under the Paperwork Reduction Act, of a collection of
information that filers use to request that PBGC determine whether a
defined benefit pension plan is covered under title IV of the Employee
Retirement Income Security Act of 1974 (ERISA) (OMB control number
1212-0072; expires June 30, 2025). This notice informs the public of
PBGC's request and solicits public comment on the collection of
information.
A plan is covered under title IV, and thereby insured by PBGC, if
it is described in section 4021(a) of ERISA and does not meet one of
the exemptions from coverage listed in section 4021(b)(1)-(13). If a
question arises about whether a plan is covered under title IV, a plan
may submit the Request for Coverage Determination form to PBGC.
The Request for Coverage Determination form and corresponding
instructions are suitable for all types of requests, but they highlight
the four plan types for which coverage determinations are most
frequently requested: (1) church plans as listed in section 4021(b)(3)
of ERISA; (2) plans that are established and maintained exclusively for
the benefit of plan sponsors' substantial owners as listed in section
4021(b)(9); (3) plans that cover, since September 2, 1974, no more than
25 active participants and that are established and maintained by
professional services employers as listed in section 4021(b)(13); and
(4) Puerto Rico-based plans within the meaning of section 1022(i)(1) of
ERISA. PBGC needs the information requested to determine whether a plan
is covered or not covered under title IV of ERISA.
PBGC's pilot program that specifically provided for a prospective
plan to request a coverage determination when the plan was proposed but
not yet established expired September 30, 2022. PBGC is removing
outdated references to the pilot program in question 4 of Part II of
the form and instructions. PBGC is also proposing to revise question 3
of Part III of the form, relating to substantial owners plans, to
require a list of all the limited liability company's (LLC) members (if
the employer sponsor is an LLC) rather than a statement on how the LLC
is treated for federal tax purposes for clarity. Lastly, PBGC is
proposing editorial changes to question 4 of part III and question 3 of
part V to provide greater clarity to filers.
The existing collection of information is approved through June 30,
2025, under OMB control number 1212-0072. On March 10, 2025, PBGC
published in the Federal Register (90 FR 11632) a notice informing the
public of its intent to request an extension of this collection of
information. No comments were received. PBGC is requesting that OMB
extend approval of the collection for 3 years. An agency may not
conduct or sponsor, and a person is not required to respond to, a
collection of information unless it displays a currently valid OMB
control number.
[[Page 21084]]
PBGC estimates that each year there will be 295 Request for
Coverage Determination forms submitted to PBGC. PBGC further estimates
the average hour burden is 1.5 hours and average cost burden is $300.
The total estimated annual burden of the collection of information is
442.5 hours and $88,500.
Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit
Guaranty Corporation.
[FR Doc. 2025-08730 Filed 5-15-25; 8:45 am]
BILLING CODE 7709-02-P
